Category: Business

The German government has agreed on final details of a rescue package for airline carrier Lufthansa (LHAG.DE), media reported on Wednesday. Lufthansa is seeking to tap Germany’s economic stabilisation fund to help it weather the coronavirus pandemic and what is expected to be a protracted travel slump. The ministers in charge put the finishing touches […]

Crude prices rose and a gauge of global equities broke out of a three-week trading range on Wednesday as investors bet on a rapid recovery from the coronavirus-induced recession. Oil prices climbed 3%-4% on signs of improving demand and a drawdown in U.S. crude inventories, while a surge in Facebook Inc and Amazon.com Inc to […]

Federal Reserve policymakers, still working to fully roll out a multi-trillion-dollar effort to shore up financial markets and an economy cratered by the coronavirus pandemic, last month dove into a new debate: how best to support the economy during a recovery they now agree could be slower and more fraught than initially thought. Among ideas […]

Before going to work these days, employees at the Brazilian unit of Fiat Chrysler Automobiles (FCHA.MI) have to get a health check using a mobile app every morning. It is one of several measures the automaker has implemented to fight the novel coronavirus in South America’s top auto producing country. Carmakers in Brazil cautiously restarted […]

Gilead Sciences Inc (GILD.O) and partner Galapagos NV (GLPG.AS) said on Wednesday only a higher dose of their experimental drug filgotinib showed greater effectiveness than placebo in a pivotal study testing it in ulcerative colitis patients. Filgotinib is also in advanced stages of testing against multiple types of inflammatory conditions including rheumatoid arthritis, a market […]

The three major averages on Wall St. notched their fourth gain in five sessions on Wednesday as investors again bet on a swift economic recovery from coronavirus-driven lockdowns and the potential for more stimulus measures from the Federal Reserve. The S&P 500 stands at a two-month high and was briefly above its 100-day moving average, […]

Online travel booking company Expedia Group Inc (EXPE.O) on Wednesday pointed to demand recovering in May as cancellation rates stabilize, overshadowing a bigger-than-expected quarterly loss and sending its shares up nearly 4%. U.S. airlines have signaled slower ticket cancellations and an improvement in bookings on some routes, as countries ease lockdowns imposed to curb the […]